Misallocation definition
Misallocation has the meaning specified in Section 7(b)(iii) hereof.
Misallocation is defined as a transgression of one or more of the following precepts:
Misallocation means tax paid by the taxpayer and allocated to one unit of local government that should have been allocated to a different unit of local government. "Misallocation" does not include amounts overpaid by the taxpayer and therefore not owed to any unit of local government, nor amounts underpaid by the taxpayer and therefore not previously allocated to any unit of local government.
Examples of Misallocation in a sentence
However, Contractor’s task of finding Misallocation of Sales/Use Tax Payments by the TCPA shall not require the Director’s zip code authorization.
The obligation of the Members to provide indemnification to Chart and Holdings hereunder with respect to Misallocation Claims shall terminate (except with respect to any claim for which a Claim Notice (as defined below) has been provided) on the second anniversary of the Effective Time.
More Definitions of Misallocation
Misallocation. “Misallocate,” and “Misallocated” refers to the improper division of Sales Tax proceeds between the Parties.
Misallocation means tax paid by the taxpayer and